Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by Ted Buchan & Co

Ted Buchan & Co grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 204.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 287,782 shares of the company’s stock after purchasing an additional 193,331 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 3.7% of Ted Buchan & Co’s investment portfolio, making the stock its 9th biggest position. Ted Buchan & Co’s holdings in Schwab US Dividend Equity ETF were worth $7,862,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. LPL Financial LLC raised its stake in Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after purchasing an additional 24,783,386 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $592,939,000. Sumitomo Life Insurance Co. raised its position in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after buying an additional 17,880,000 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 205.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after buying an additional 17,501,170 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Schwab US Dividend Equity ETF by 208.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after buying an additional 13,264,762 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $25.28 on Friday. The business has a fifty day moving average price of $27.88 and a two-hundred day moving average price of $28.11. The stock has a market capitalization of $63.71 billion, a PE ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a dividend of $0.2488 per share. The ex-dividend date was Wednesday, March 26th.

Schwab US Dividend Equity ETF Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.